Reduce Investor Rate Buster High Lend Variable Home Loan

Investors can get a rock-bottom rate and handy features with this mortgage.

The Reduce Investor Rate Buster High Lend Variable Home Loan offers investors both value and flexibility. It comes with a competitive variable rate and features that can help investors manage their home loan.

Reduce Investor Rate Buster High Lend Variable Home Loan Cashback Offer

The Reduce Investor Rate Buster High Lend Variable Home Loan is currently offering $1,500 cashback on loans of more than $500,000. Terms and conditions may apply. Check the lender's website for details.

Product NameReduce Investor Rate Buster High Lend Variable Home Loan
Interest Rate TypeVariable
Interest Rate (p.a.)3.79%
Comp Rate^ (p.a.)3.79%
Minimum Loan Amount$50,000
Maximum Loan Amount$2,000,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR80%
Mortgage Offset AccountYes
Loan Redraw FacilityNo
Split Loan FacilityYes
Suitable for InvestmentYes
Extra RepaymentYes
Repayment TypePrincipal & Interest
Application Fee$0
Lender's Legal Fee$0 up to $220 Plus disbursements
Valuation Fee$0 covers up to $330
Ongoing Fees$0 p.a.
Settlement Fee$0

Pros

  • Pay $0 service fee.
  • 100% offset account (with $10 monthly fee).

Cons

  • There is $0 application fee.
  • There is a settlement fee of $0.

What do I need to know about this loan?

This loan is available for investors who are purchasing or refinancing their investment property. It's suitable to individuals, companies or discretionary trusts.

A note on comparison rates

The comparison rate includes the cost of fees and the interest rate. Reduce is offering a 5-year loyalty discount on the interest rate to offset the added cost of fees over the life of a loan. This is why Reduce's comparison rate can be equal to or lower than the interest rate, depending on the loan term.

What are the features and benefits of the Reduce Investor Rate Buster High Lend Variable Home Loan?

  • Loan amount and purpose. This loan is only for investors. It has a minimum loan amount of $50,000 and a maximum loan amount of $2,000,000.
  • Loan-to-value ratio. The Reduce Investor Rate Buster High Lend Variable Home Loan has a maximum LVR of 80%. This means you’ll need at least a 20% deposit.
  • Flexible repayments. This loan allows weekly, fortnightly or monthly repayments, and you can make as many additional repayments as you like without penalty.
  • 100% offset account. For an additional $10 a month, you can get a 100% offset account with a debit card to help you access funds.
  • Free redraw. You can access any additional repayments you've made via the redraw facility. There's no minimum amount for Internet redraws.

What fees and charges come with this loan?

  • Application fee: $0. This fee is waived for loan amounts above $500,000.
  • Settlement fee: $0. This fee covers the costs of disbursing the funds for your home loan.

How do I apply for this loan?

If you're interested in the Reduce Investor Rate Buster High Lend Variable Home Loan, you can click the link below. You'll be asked to fill in a few details, and a helpful Reduce Home Loans team member will contact you to walk you through the application process.

Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

Reduce Investor Rate Buster High Lend Variable Home Loan

  • Interest Rate

    3.79% p.a.

  • Comparison Rate

    3.79% p.a.

  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR

    80%

Ask a question
Go to site